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Market Situation

The stops are being placed in the preset range with respect to most currencies, and number of operators who were short of the USD eventually profits. The book fell of the top night in the traded at 1.4232 to the 1.4080 area, while the pair EUR / GBP was around 0.9200. The Euro area recorded highs of 1.3072, however, the pair then fell to the area of 1.2980 to the close. It is understood that those who were long took profits recently. The estimated level of support in the 1.2880 area and stops are being placed on 1.3030, so that total volatility. If the pair fell several analysts see a buying opportunity. USD / JPY in the area recorded maximum of 95.66, but later was around 98.00 for a short period, despite a firmer dollar.

The pair ended the day in the area of 98.20, however, it is estimated that if the stock market fell, the USD / JPY will be under great pressure in the short term. The performance of exporters Nipponese undoubtedly has an influence on the pair slightly. In my view, the assumed strength against the dollar begins to recede. With the sudden improvement in global stock markets, and with some apparent progress with respect to the treatment of other economic issues, several operators will be decided by selling dollars. Double Action is awaited for the next 24 hours, but with a tune bearish for the greenback. GBP / USD Resistance 3: 1.4350 Resistance 2: 1.4320 Resistance 1: 1.4250 New York: 1.4053 Support 1: 1.3860 Support 2: 1.3780 Support 3: 1.3720 CFDs The pair maintained the maximum earnings taken and recorded at night, the stops are being installed in 1.4050.

It tested the level of support. The stops are placed at established ranges. A long-term resistance level is estimated at 1.5000, but the stops are placed above that level. It follows a two-way trade, so it is estimated that more operators are putting short positions. Tuesday: All times EASTERN (-4 GMT) 5:30 a.m. GBP DCLG HPI y / y 4:10 pm BCI King talk EURO GBP / USD Resistance 3: 1.3100 Resistance 2: 1.3080 Resistance 1: 1.3050 New York: 1.2985 Support 1: 1.2850 Support 2 : 1.2720 Support 3: 1.2680 Comments The pair continued to pound two-way, maintaining the level of support on 1.2880. The upper stops in the 1.2950 fired. Several operators in the area bought weight of 1.3000. Aggressive traders can settle in the area of 1.3000. It looks a trade two-way with great volatility. Tuesday: All times EASTERN (-4 GMT) 6:00 a.m. EUR ZEW Economic Sentiment 6:00 a.m. EUR German ZEW Economic Sentiment 3:15 pm EUR ECB’s Trichet will speak Join us for the Afternoon U.S.